Question

Which scenario best illustrates the concept of mercantilism?

O
A. A country establishes colonies around the world in order to spread
its religion and culture.
) B. A country encourages its merchants to export products to many
different foreign states.
) C. A country allows banks to operate freely in order to produce rapid
economic growth.
O
D. A country imports most of its luxury goods rather than producing
them itself.
SUBMIT

Answer 1

The correct answer is letter B.

Explanation: Mercantilism is the economic policy adopted in Europe during the Old Regime. The absolutist government greatly interfered with the economy of the countries. The main objective of these governments was to achieve as much economic development as possible through the accumulation of wealth.